What is Pepe Coin (PEPE)?
PEPE is an Ethereum-based, deflationary cryptocurrency. It was launched stealthily & without presale in April 2023. PEPE has a total supply of 420,690,000,000,000 (420 trillion) tokens that are distributed as follows:
- 93.1% sent to the liquidity pool, LP burnt & contract renounced.
- 6.9% held in a trackable multi-sig wallet for use in future CEX listings, bridges and liquidity pools.
Such token allocation is meant to promote PEPE’s long-term stability and future growth. It is also meant to incentivize users to hold the token instead of selling it off.
Pepe coin is a tribute to the Pepe the Frog meme, which is itself based on the comic character created by the cartoonist Matt Furie in the early 2000s. Pepe has since become one of the most popular memes in internet history. So, it is not surprising that turning it into a cryptocurrency has paid off for the Pepe Coin team.
The founders of Pepe Coin chose to remain anonymous - a common occurrence in the crypto world. But though very little is known about the PEPE team, we know that they were successful in generating media attention and capitalizing on the popularity of meme coins such as Dogecoin, Shiba Inu and others.
Why buy Pepe Coin (PEPE)?
Pepe Coin has a strong appeal stemming from the fame, popularity and controversy of Pepe the Frog. As with most other meme coins, PEPE’s growth and success is rooted in what it represents rather than what functionality it offers.
Another important aspect of PEPE is its zero tax policy. Not having to pay transaction fees makes Pepe Coin a unique offering in the meme coin space. It can help grow PEPE’s user base and attract a wider range of investors by making it more usable & bringing it into prominence.
Finally, Pepe Coin’s redistribution system is designed to reward stakers and long-term PEPE holders. This is supposed to incentivize more people to invest into the project and increase its long-term stability.
